A cryptocurrency is a form of payment and store of value, while tokens can be used for a variety of functions including, but not limited to, being used as a currency and a store of value. There are specific types of tokens that provide rights, minimise volatility, and provide access to products and services. Tokens can be created through an Initial Coin Offering.
Key learning objectives:
Define cryptocurrency, security token, stablecoin, utility token, Digital Wallet and crypto-assets
Describe an Initial Coin Offering and explain its regulatory situation
Explain the function of a token